Short-term Qatari money rates fell back on Sunday after the central bank governor signalled monetary conditions would not tighten and said Qatar would not follow the United States in hiking interest rates.
On Thursday Qatar's
Gulf countries' currency pegs to the dollar are under pressure from low oil prices and a stronger dollar but there is no chance of them being abolished, ratings agency Fitch said on Tuesday.
Oil exporters in the region includi
Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will affect the US, a fracture that may be difficult for Fed chair Janet Yellen to mend as she guides the central bank's debate
Qatar's central bank is to grant licences to Gulf Cooperation Council (GCC) banks to open branches in the state, the government said on Wednesday.
Qatar already has a relatively large number of banks - around 18 - servicing a
Libya's National Oil Company (NOC) and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients.
The head of the Tr
China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves arou
Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.
Previously, under an informal industry arrangement customers could o
China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year .
It added that the country's main economic indicators are steadily i
Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.
Saudi Arabia's central bank said it expected stable inflation in the second quarter of this year, with weak global commodity prices offsetting any upward pressure due to seasonal demand.
"Some commodity prices could see a